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In a world where fickle stock market flotations are increasingly based on
virtual friendships, investors could be forgiven for seeking something a
little more solid — such as a 1,200-year-old Buddhist mountain.

The committee that looks after the sacred Putuo Mountain in China’s Zhejiang
province has unveiled plans for an initial public offering to raise 750
million yuan (£76 million). Pilgrims to the ancient island site, which
received its first temple in AD 863, may soon be able to contemplate whether
their path will lead to financial as well as spiritual enrichment if the
listing in Shanghai or Shenzhen goes ahead.